RD Interest Rate: These 5 private banks are paying the highest interest on RD, see how much return they are getting

New Delhi. Everyone’s goal is to get high returns with safe investments. For this, opening of FD in banks and Recurring Deposit (RD) in the post office is most popular.

If you also want to get more interest on RD then you can approach private banks. There are 6 small private sector banks, which are currently giving up to 7 percent return on RD. By the way, the annual return on post office RD is less than 6 percent.

1. The customer who opens an RD in this bank will get 5.65% interest for a period of one year, 6.95% for two years, 6.95% for three years and 6.50% on RD for four years. If the tenure of the RD is five years or more, then you will be given an annual return of 6.25% on it.
2. This small private sector bank gives big returns to its customers. On opening a recurring deposit account ie RD in this bank, you can get an interest of 6.50% every year. If the RD is opened for two years, then you will get 7.05% interest. Not only this, interest will be 7.25% on RD of three years, 7% on RD for four years, 7% on RD of five years and 7% on tenure of more than five years.
3. This bank also gives an initial return of more than 6 percent to its customers. On opening an RD in this bank, one year interest will be 6.60%. If the period of RD is two years then 7.10% interest and if it is three years then 7.15% interest will be available. Apart from this, the interest on RD of four years is 7.15%, while the interest on RD of five years or more is 6.75%.
4. This bank gives a return of 6.25% to its customers on one year RD. If the term of RD is two years, then you will get 7.50% interest, whereas on three-year RD, the bank pays 7.25% interest. If you have done an RD with a tenure of four years or more, then you will get a return of 7 per cent.
5. This bank gives you strong interest even in the long term. On its one year RD, you will get interest at the rate of 7%. If the RD is of two years then 7.75% and if the RD is of three or four years, 8% per annum will be given. If the RD is of five years, then 7 percent and if the tenure is more than five years, then 7.50% will be available.